Twitter and the US stock market: The influence of micro‑bloggers on share prices

Karl Shutes, K. McGrath, Piotr Lis, Robert Riegler

Research output: Contribution to journalArticle

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Abstract

With the increased interest in social media over recent years, the role of information disseminated through avenues such as Twitter has become more widely perceived. This paper examines the mention of stocks on the US markets (NYSE and NASDAQ) by a number of financial micro-bloggers to establish whether their posts are reflected in price movements. The Twitter feeds are selected from syndicated and nonsyndicated authors. A substantial number of tweets were linked to the price movements of the mentioned assets and an event study methodology was used to ascertain whether these mentions carry any significant information or whether they are merely noise.
Original languageEnglish
Pages (from-to)57-77
JournalEconomics and Business Review
Volume2 (16)
Issue number3
DOIs
Publication statusPublished - 2016

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Twitter
Share prices
Stock market
Social media
Assets
New York Stock Exchange
Event study methodology

Bibliographical note

The full text is also available from: http://dx.doi.org/10.18559/ebr.2016.3.5

Funded by BES Seedcorn Funding
This article is under a Creative Commons Licence 3.0 (https://creativecommons.org/licenses/by-nc/3.0/)

Keywords

  • Twitter
  • social network
  • social media
  • financial markets
  • event studies
  • information

Cite this

Twitter and the US stock market: The influence of micro‑bloggers on share prices. / Shutes, Karl; McGrath, K.; Lis, Piotr; Riegler, Robert.

In: Economics and Business Review, Vol. 2 (16), No. 3, 2016, p. 57-77.

Research output: Contribution to journalArticle

Shutes, Karl ; McGrath, K. ; Lis, Piotr ; Riegler, Robert. / Twitter and the US stock market: The influence of micro‑bloggers on share prices. In: Economics and Business Review. 2016 ; Vol. 2 (16), No. 3. pp. 57-77.
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